One year-old Beyond the Rack reaches One Million Member mark

Posted by Rob Lewis

Montreal-based Beyond the Rack announced today that it has reached the 1 Million member mark after only one year in operation. In their press release today they also stated that their extraordinary growth rate has the company on-target to reach an annual run-rate of $100 Million in sales by the this year.

Beyond the Rack is a members-only shopping club offering members the sought after designer brand apparel, accessories, beauty, and home and decor products at up to 70% off retail prices. Beyond the Rack sells its products in the context of a two-day, first come-first served events. Members can expect up to eight new brand events each day, starting at 11:00am EST.

Launched in March 2009, Beyond the Rack has offices in Montreal and New York and a staff of 100 full-time employees.

In January Techvibes reported that the startup had raised $2 Million from Oleg Tscheltzoff and Oliver Jung, and Montreal Start Up bringing their total funding to $4.5 Million.

Company:
Montreal Start Up
Website:
http://www.montrealstartup.com
Location:
Montréal, Québec, Canada

We invest in entrepreneurial teams with big visions and global aspirations looking to establish companies in Montreal. We provide seed level financing, as well as strategic and operational input, in order to help them turn their ideas into successful companies. We are looking to invest in software-based businesses in the Internet, wireless and media spaces. Our team has a deep understanding of, and extensive... more

Company:
Beyond the Rack
Website:
http://www.beyondtherack.com
Location:
Montréal, Québec, Canada

Beyond the Rack is a private shopping club for women and men who want designer brand apparel and accessories at prices up to 80% off retail. We obtain authentic designer merchandise and provide it exclusively to our members through limited-time events. Each event starts at a specific time and typically lasts only 48 hours. After each event ends the merchandise is no longer available. Members are notified by email... more


blog comments powered by Disqus

Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media and Editor-in-Chief of Techvibes.com.  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can be... more



Who's Hiring



Recent Comments

Powered by Disqus